Top 5 Stocks FIIs Bought in Dec 2025 Quarter: Bank of India and HBL Engineering in Focus

Below is a detailed overview of the FII shareholding trend for each of the five companies.

Bank of Maharashtra (FII Holding Up by 2.57%)

Bank of Maharashtra is an India-based bank operating across treasury, wholesale, and retail banking segments, and ranks as the sixth-largest nationalised bank in India. The bank witnessed the sharpest rise in foreign institutional ownership during the quarter.  FII holdings climbed from 2.35% in September 2025 to 4.92% in December 2025, marking a 2.57 percentage point jump.

Over the past two years, FIIs have steadily accumulated in the bank, moving from below 1% levels in early 2023 to the current multi-year high. At the same time, promoter holding has fallen from 90.97% in March 2023 to 73.60% in December 2025. Domestic institutional investors also increased exposure, pushing their stake from 10.06% in September 2025 to 13.50% in December 2025.

HBL Engineering (FII Holding Up by 2.27%)

HBL Power System Ltd manufactures and services different types of batteries, e-mobility, and other products. The company has reported a strong foreign buying trend. FII ownership rose from 4.83% in September 2025 to 7.10% in December 2025, reflecting a 2.27 percentage point increase.

Historically, FIIs held below 3% until mid-2023, but their partici`pation accelerated from 2024 onward. Promoter holdings have remained stable at around 59%, indicating no change in control. Meanwhile, DIIs marginally increased their participation to 0.64%, suggesting broader institutional interest.

Bank of India (FII Holding Up by 1.58%)

Bank of India, another large PSU banking entity, saw continued foreign inflows during the period. FII holdings increased from 4.24% in September 2025 to 5.82% in December 2025, reflecting a 1.58 percentage point rise.

For much of 2023 and early 2024, FII ownership fluctuated between 2-4%, but has shown a more sustained upward trajectory through 2025. Promoter shareholding stabilized at 73.38% post-March 2023, while DIIs slightly trimmed exposure from 15.63% to 15.18% during the same period.

Aether Industries (FII Holding Up by 1.17%)

Aether Industries, a specialty chemicals company serving pharma and material science industries, recorded gradual but consistent FII accumulation. Foreign ownership increased from 4.64% in September 2025 to 5.81% in December 2025, registering a 1.17 percentage point rise.

FIIs have steadily increased their stake since 2023, coinciding with higher institutional interest in the chemical and CRAMS segments. Promoters reduced holding from 87.07% in March 2023 to 74.98% in December 2025, while DIIs maintained double-digit exposure at 12.25%.

Asahi India Glass (FII Holding Up by 1.13%)

Asahi India Glass, a key manufacturer of automotive and architectural glass, witnessed an uptick in foreign participation. FII ownership grew from 3.74% in June 2025 to 4.87% in September 2025, marking a 1.13 percentage point increase over the tracking period.

Foreign holdings in the company were largely stable below 4% for several quarters, but December 2025 levels represent the strongest participation in recent years. Promoter holdings have edged down from 54.23% in 2022 to around 51.58% in late 2025, while DII shareholding increased significantly to 5.16%, indicating heightened institutional interest across the board.

Conclusion

The December 2025 quarter reflected a noticeable rise in foreign investor participation across varied sectors including banking (Bank of Maharashtra, Bank of India), engineering and technology (HBL Engineering), specialty chemicals (Aether Industries), and manufacturing and glass solutions (Asahi India Glass). The most significant surge was recorded in Bank of Maharashtra, driven by growing institutional interest and a reduction in promoter shareholding. At the same time, companies such as HBL Engineering, Aether Industries, and Asahi India Glass also attracted higher foreign inflows, pointing to broader confidence in India’s industrial growth momentum and ongoing reforms within the PSU banking ecosystem.